Blog
New COVID financial support announced
22 Dec

Following the impact on businesses in England of the current ‘Plan B’ covid measures and the impact of Omicron on trade in the hospitality sector in particular, the Government has announced a new support package.
The package comprises three elements:
- Dedicated support for the hospitality and leisure sectors in the form of one-off grants worth up to £6,000 per premises. There will also be more than £100 million in discretionary funding for local authorities to support other businesses.
- The reintroduction of the Statutory Sick Pay Rebate Scheme (SSPRS) for employers with fewer than 250 employees. This will apply to up to two weeks’ COVID-related absence and is effective immediately, with employers able to make retrospective claims from mid-January.
- £30 million for cultural organisations through the Culture Recovery Fund.
There will also be £154 million in funding to the devolved administrations in Wales, Scotland and Northern Ireland to provide similar support.
The grants for the hospitality and leisure sectors will be administered by local authorities and the Treasury says they will be available “in the coming weeks”.
For advice, contact us today.
Archive
- Make sure you are making the correct PAYE payments to HMRC
- Could Government-backed business loans become permanent?
- Working from home tax relief continues, but fewer employees likely to be eligible this year
- Our top tips for hiring your first employee
- Revenue updates guidance on tipping apps
- Expansion of the Trust Registration Service – What you need to know
- Don’t ignore the warning signs that you or a customer’s business is in trouble
- Keeping a lid on business expenses
- How can you finance a new business?
- Getting to grips with the new National Insurance and Dividend Tax Rates
- Looking to start a new business? You aren’t alone
- R&D Tax Credits – What is changing next year
- HMRC to launch new mandatory P87 expenses form
- Spring Statement 2022
- Are you making the most of super-deduction tax relief?
- Retain key staff with salary sacrifice schemes
- Cash flow statements – How to avoid errors that damage your business
- How to make the most of cloud-based accounting software
- Avoid the pitfalls of the SEISS scheme
- Company tax returns must include COVID-19 grants says HMRC
- HMRC focuses on backlog of work by shuttering telephone services
- Top tax tips to help your business save money
- Nearly half a million SMEs at risk of failing due to late payments crisis
- Fears over move to MTD, as few take part in income tax pilot scheme
- Company directors banned for Bounce Back Loan fraud
- New tax rules on holiday lets – What does it mean for owners?
- Most popular options available when setting up a new business
- Can you avoid the P11D process?
- Give yourself Time to Pay
- Cash no longer king as card payments surge in lockdown
- Be prepared for changes to Corporation Tax in 2023
- Accountants critical to the success of SMEs
- How the penalty system for late tax submissions is changing
- Income tax basis periods – What unincorporated businesses need to know
- New COVID financial support announced
- Prepare now for the final stage of MTD for VAT
- Eight New Year’s resolutions that businesses should follow
- Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?
- PAYE Settlement Agreement can save time and costs
- Self-Assessment taxpayers warned over fraudsters trying to steal information
- Should payments made by an employee for vehicle and uniform rental be treated as reductions when calculating the National Minimum Wage (NMW)?
- Plan B – What does it mean for you and your business?
- Take advantage of the extension to the Recovery Loan Scheme
- Simple steps you can take to cut business costs and maximise profits
- Is your business struggling with debt? Regain control today
- Top tips for filing your Self-Assessment tax return
- How businesses can avoid becoming the victims of fraud
- Need Help to Grow? Learn about the latest Government-backed support for SMEs
- Business rates reform – How will it affect you
- What Is the Best Cloud Accounting Software for UK Restaurants?
- Autumn Budget 2021
- Worried COVID Plan B may affect you or your business?
- I have been sent a nudge letter by HMRC – What should I do next?
- Received a CJRS compliance check? Act now!
- MTD for Income Tax delayed – What it means for you
- Buying a business – Top tips to secure the best deal
- Six steps to secure finance for your business
- Managing business costs – what the energy and supply crisis may mean for your company
- Kickstart Scheme and apprenticeship incentives extended
- Final SEISS deadline – Submit your claim by 30th September!
- SME confidence is on the rise as employers make plans to expand their workforce
- Minimum wage non-payment excuses ‘outrageous’
- Couples could be missing out on tax breaks
- New weapons in the war on cybercrime
- Beware of rising house prices increasing Inheritance Tax liability
- Frustrated SMEs turning to unsecured loans to grow businesses
- How will the National Insurance and dividend tax increases affect me?
- Beware of exceeding your pension pot allowance
- Draft legislation published for next Finance Bill
- Super-deduction gives businesses confidence to grow
- Taxman says help available as debt collection resumes
- SMEs optimistic and frustrated as economy set to thrive
- HMRC auto-correcting 2020-21 SEISS tax returns
- The fifth round of the Self-Employment Income Support Scheme (SEISS) is now open
- Government updates self-isolation rules with limited exemptions for 16 sectors
- Freedom Day – What does it mean for businesses?
- Time to prepare for Corporation Tax changes
- Making Tax Digital for Income Tax – Get ready now!
- Points-based system for HMRC late payment penalties
- Take account of your year-end tax liabilities
- Director’s ban a warning to others to keep proper company records
- Don’t miss the deadline for renewing tax credits
- A helping hand with the cost of children’s summer activities
- CJRS – Upcoming changes to payments and the furlough scheme
- Preparing for the end of the Stamp Duty Holiday
- Government extends ban on commercial evictions until March 2022
- Fifth round of the Self-Employment Income Support Scheme to launch in late July
- Businesses can still access the Recovery Loan Scheme
- Make sure to include SEISS grants on your next tax returns
- Beware of the HMRC scammers, but ignoring calls can be costly
- Carry back scheme brings welcome relief for business
- New recommendations in sweeping CGT review
- Tax saving strategies for landlords
- Bank of England and CBI expect the biggest rise in economy for decades
- Financial Reporting: GRC, Governance Risk and Compliance Tools
- HMRC unveils penalty regime for VAT deferral scheme
- COVID forces businesses to change direction
- Workers can continue to claim home working tax allowance in the new tax year
- Reimbursed expenses – What you need to know
- HMRC to tackle SEISS abuse with new penalty regime